Seizert Capital Partners LLC Grows Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Seizert Capital Partners LLC lifted its position in UFP Industries, Inc. (NASDAQ:UFPI) by 85.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,623 shares of the construction company’s stock after buying an additional 15,958 shares during the quarter. Seizert Capital Partners LLC’s holdings in UFP Industries were worth $4,543,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its position in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. increased its stake in UFP Industries by 0.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 14,556 shares of the construction company’s stock worth $1,630,000 after buying an additional 105 shares during the period. Cadence Bank increased its stake in UFP Industries by 0.6% during the 1st quarter. Cadence Bank now owns 19,464 shares of the construction company’s stock worth $2,394,000 after buying an additional 110 shares during the period. SummerHaven Investment Management LLC lifted its holdings in UFP Industries by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,732 shares of the construction company’s stock worth $866,000 after buying an additional 130 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in UFP Industries by 25.8% in the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UFPI shares. Stifel Nicolaus upped their price objective on UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Benchmark boosted their target price on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

UFP Industries Trading Down 2.2 %

NASDAQ:UFPI opened at $129.21 on Friday. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $139.54. The stock has a market cap of $7.85 billion, a P/E ratio of 17.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The stock has a 50-day simple moving average of $129.45 and a 200-day simple moving average of $121.98.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share. As a group, analysts anticipate that UFP Industries, Inc. will post 7.01 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio (DPR) is 18.16%.

UFP Industries Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.